How to stop my business partner in a 50-50 owned corp from taking money out of the bank account without my permission?
James's answer
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Answered on March 14, 2022
Go to the bank and require checks, withdrawals, and transfers to have two signatures. It will make life more difficult for you, but will prevent...
How long is the Rule 144 holding period?
James's answer
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Answered on March 14, 2022
I agree with Mr. Goodman's fine answer, summarizing the factors that would determine the holding period for Rule 144. Securities laws are complex...
How To Do A Company Leave?
James's answer
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Answered on March 14, 2022
First, you check your operating agreement because it's an LLC and the operating agreement can dictate everything about the LLC. If it permits...
How do I convert my LLC to S-corp?
James's answer
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Answered on March 14, 2022
The quick answer to your question is that you needn't file form 8832 (I know you didn't mean 8332) and form 2553 to elect S Corp. status. You only...
I am a third owner of a LLC putting most of the money than other two....It is a condo and I was told that I have to rent?
James's answer
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Answered on March 14, 2022
I agree with Mr. Doland. Unless there is an agreement among the members to the contrary, use of LLC property by less than all of the members should...
Moving contracting business from NYC to NJ?
James's answer
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Answered on March 14, 2022
Assuming your "registered business" in NY is a separate legal entity, like an LLC or corporation, the simplest route would be to keep that entity...
How can I transfer my online llc from Connecticut to Florida?
James's answer
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Answered on March 14, 2022
Depending on the laws of the States involved (CT and FL), you may be able to re-domesticate the LLC or else form an LLC in Fl and merge the CT LLC...
How do I add a manager to my LLC?
James's answer
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Answered on March 11, 2022
You refer to the operating agreement for how to add or replace a manager. In case it's not clear, you can be a manager. Typically, managers are...
Do we need a PLLC or LLC? Do we also need a partnership agreement?
James's answer
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Answered on March 11, 2022
I agree that you should consult with a Washington Attorney who is experienced with professional business entities. I believe your plan might have a...
I'm trying to dissolve my NY S corp and quit claim real estate to my S Corp (or LLC) in FL?
James's answer
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Answered on March 11, 2022
Your question requires a more thoughtful response than is reasonable for this forum. First, you need to research FL real estate transfer laws and...